The following table sets out the financial results for year ended [FYE] 31st December 2018 to 31st December 2023.
| Financial Period / Year Ended | 2023 31-Dec |
2022 31-Dec |
2021 31-Dec |
2020 31-Dec |
2019 31-Dec |
|---|---|---|---|---|---|
| No. of Months | 12 | 12 | 12 | 12 | 12 |
| Unaudited | Audited | Audited | Audited | Audited | |
| RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
| Revenue | 2,057,202 | 1,629,655 | 1,150,317 | 968,761 | 1,056,458 |
| Cost of sales | (1,869,002) | (1,497,599) | (1,053,103) | (894,667) | (956,381) |
| Gross Profit | 188,200 | 132,056 | 97,214 | 74,094 | 100,077 |
| Other operating income | 93,446 | 13,919 | 6,901 | 7,898 | 8,614 |
| Fair value adjustment on investment properties | 145 | (632) | (370) | (51) | 650 |
| Fair value adjustment on other investments | 4,603 | 2,192 | - | - | - |
| Administrative expenses, distribution expenses and other expenses | (130,358) | (104,987) | (72,541) | (65,403) | (63,157) |
| Impairment loss on property, plant & equipment | (3,371) | - | - | - | - |
| Net loss on impairment of financial instruments | (3,144) | (10,286) | (5,996) | (8,063) | (6,050) |
| Finance income | 3,247 | 3,197 | 2,424 | 3,068 | - |
| Impairment loss on goodwill on consolidation | - | (167) | (10,918) | (4,377) | - |
| Gain on disposal of investment in an associate company | - | 76,321 | 9,679 | 27,788 | - |
| Gain on disposal of investment in subsidiary companies | 10,233 | 4,139 | 168 | 3,855 | - |
| Gain on disposal of warrants | - | - | 26,000 | - | - |
| Gain on disposal of other investments | 3,509 | - | - | - | - |
| Profit From Operations | 166,510 | 115,753 | 52,560 | 38,810 | 40,134 |
| Finance costs | (41,525) | (30,398) | (18,344) | (18,068) | (24,682) |
| Profit Before Taxation (before listing expenses) | 124,985 | 85,355 | 34,216 | 20,742 | 15,452 |
| Listing expenses | - | - | - | - | - |
| Share of results of associates | 32,065 | 20,757 | 7,257 | 4,366 | 7,471 |
| Share of results of joint venture | 35,166 | 10,452 | 271 | - | - |
| Profit Before Taxation (after listing expenses) | 192,216 | 116,564 | 41,744 | 25,107 | 22,923 |
| Taxation | (25,026) | (15,591) | (10,774) | (8,203) | (7,621) |
| Profit After Taxation | 167,190 | 100,972 | 30,969 | 16,904 | 15,302 |
The financial performance should be read in conjunction with the latest Quarterly Reports, Annual Reports and Chin Hin Group Berhad's Prospectus dated 18 February 2016.